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Start getting your final accounts in order from day one

If final accounts cause you a headache on nearly every contract, the way to ease the pain at a time when you are most keen to get paid could be to get into the habit of 'day one final accounting'.

Are you going into contracts without realising what your employer is expecting of you in terms of keeping monthly variations up to date and maintaining records as you work through the project?

If you are, it could be the reason why you face problems when submitting your final accounts for payment - and why you don't always get what's due to you.

Take a look at Bob's story - he's in it up to his neck. Sound familiar?

The solution is to do your final accounting as you go along, from the very start - we call it 'day one final accounting'. It is a 'little and often' approach where you take time throughout the contract to confirm and agree all cost aspects as it progresses. By doing this, and not leaving it all to near the end of the project, you can ensure that upon completion or shortly thereafter the account can be agreed.

Costs will be confirmed as the works progress and your employer will have an up-to-date accurate projection of the final account at every juncture. This eliminates any 'surprises' and maximises your chances of recovery.

Let Quantum CPM take control of your final accounts from day one

We help Contractors and Sub-Contractors to ensure accurate records are kept throughout every project through our expertise in day one final accounting.

This is part of our Final Account Control service, where we ensure on time submission of your final accounts after completion of jobs - properly prepared first time with appropriate back-up. It's a structured and monitored approach to the submission of accounts, using appropriate accounting techniques, which helps Contractors and Sub-Contractors to avoid disputes.

It is just one of our core services which help Contractors and Sub-Contractors in Construction protect themselves in contracts, so they can concentrate on ensuring they can deliver their services as promised with the minimum fuss or risk of financial loss.

Our services start with Contract Vetting before you even agree to work on the project, right through to Retention Fund Management to prevent issues recovering anything due to you long after your work is done.

For a free initial consultation, contact Quantum CPM on 0161 974 6655 or email .

Find out more about our bundle of services.